Current Affairs - Banking - Discussion

The State Bank of India successfully raised Rs 10,000 crore through its seventh infrastructure bond issuance, attracting strong demand from investors, including provident funds, pension funds, and insurance companies. The bonds were oversubscribed two times, reflecting market confidence in the bank. Proceeds from the issuance will support long-term financing for infrastructure development and affordable housing initiatives. This move aligns with the government's focus on boosting infrastructure growth and demonstrates SBI's commitment to supporting key sectors of the Indian economy.